LifeSteps Financial Inc. boosted its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 376.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,220 shares of the ETF’s stock after purchasing an additional 4,915 shares during the period. iShares Core S&P 500 ETF makes up 2.4% of LifeSteps Financial Inc.’s portfolio, making the stock its 10th largest position. LifeSteps Financial Inc.’s holdings in iShares Core S&P 500 ETF were worth $4,763,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of iShares Core S&P 500 ETF by 25.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 41,391,871 shares of the ETF’s stock worth $30,997,946,000 after purchasing an additional 8,432,228 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Core S&P 500 ETF by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,018,846 shares of the ETF’s stock worth $26,225,264,000 after purchasing an additional 421,146 shares during the period. Corient Private Wealth LLC raised its holdings in shares of iShares Core S&P 500 ETF by 400.8% in the 4th quarter. Corient Private Wealth LLC now owns 17,425,305 shares of the ETF’s stock worth $11,935,288,000 after purchasing an additional 13,946,081 shares during the period. Millennium Management LLC lifted its stake in iShares Core S&P 500 ETF by 93.3% in the fourth quarter. Millennium Management LLC now owns 14,494,278 shares of the ETF’s stock valued at $9,927,711,000 after purchasing an additional 6,995,145 shares during the last quarter. Finally, Capula Management Ltd lifted its stake in iShares Core S&P 500 ETF by 1,374.6% in the first quarter. Capula Management Ltd now owns 9,094,984 shares of the ETF’s stock valued at $5,940,934,000 after purchasing an additional 8,478,226 shares during the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.
iShares Core S&P 500 ETF Trading Up 0.3%
iShares Core S&P 500 ETF stock opened at $775.16 on Friday. The business’s 50 day simple moving average is $772.06 and its 200 day simple moving average is $746.92. iShares Core S&P 500 ETF has a 12 month low of $632.14 and a 12 month high of $785.03. The company has a market cap of $888.72 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.
iShares Core S&P 500 ETF News Summary
Here are the key news stories impacting iShares Core S&P 500 ETF this week:
- Positive Sentiment: Upbeat earnings expectations, positive analyst estimate revisions and forecasts for strong holiday spending are supporting S&P 500 ETFs despite rate concerns. S&P 500 ETFs Defy Rate Worries as Earnings Outlook Strengthens
- Positive Sentiment: Strategists say the S&P 500 could reach 8,000 or 8,100 if third-quarter earnings are exceptionally strong and currently lagging sectors begin participating in the rally. That would benefit IVV’s diversified holdings. S&P 500’s march to 8,000 hinges on very strong third quarter Citi Says the S&P 500 Hits 8,100
- Neutral Sentiment: The market remains near record levels, but technology stocks represent an unusually large share of the S&P 500. Analysts argue that broader participation outside technology may be needed to sustain further gains. Tech Stocks Have Taken Over the S&P 500
- Negative Sentiment: Hot producer- and consumer-price data are keeping Federal Reserve and interest-rate risks in focus. Higher Treasury yields have pressured technology and semiconductor shares, which are important components of IVV. Hot PPI Tests Stock Rebound Hot CPI Puts Long-Term Yields Back in Control
- Negative Sentiment: Several reports warn that AI-driven earnings growth is concentrated in technology and energy, while 84% of S&P 500 constituents are in correction territory. That divergence raises the risk of a broader pullback despite the index’s strong headline performance. 84% of S&P 500 Stocks Are in Correction Territory
iShares Core S&P 500 ETF Profile
iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market. The component stocks are weighted according to the total float-adjusted market value of their outstanding shares. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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Want to see what other hedge funds are holding IVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report).
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